Leading cross-border fintech startup Dowsure raised $20 million to fuel the growth of millions of cross-border e-commerce sellers in China

With 8 months in operations for lending tech business, the company has facilitated more than CNY 35 billion in GMV for Chinese sellers on Amazon platform. Dowsures assessment model and algorithm can also be implemented in other digital assets which have continual online cash flow, but are still considered underbanked by traditional financial institutions. Qianhaiyifangs Chairwoman Serena Lai: "Were thrilled to participate in Dowsures latest round of investment, China has the worlds most complete consumer goods supply chain and the largest cluster of cross-border sellers, but these companies financial needs have not been fully satisfied, the emergence of Dowsure has provided an innovation solution to this pain point. We believe in the companys ability to provide reliable dual account locking API and an advanced fintech model, which served as a foundation for digital credit products. Therefore, in addition to investing in Dowsure, Qianhaiyifang has also formed a strategic alliance with the company to jointly develop digital financial products for the cross-border e-commerce industry and seek to better serve this exciting emerging market."